Intuitive Surgical, Inc. $ISRG Shares Bought by RMR Wealth Builders

RMR Wealth Builders lifted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,377 shares of the medical equipment provider’s stock after purchasing an additional 1,161 shares during the period. RMR Wealth Builders’ holdings in Intuitive Surgical were worth $3,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tobam boosted its position in Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 40 shares during the last quarter. Kilter Group LLC purchased a new position in Intuitive Surgical in the second quarter valued at about $27,000. Princeton Global Asset Management LLC acquired a new stake in Intuitive Surgical during the 2nd quarter valued at approximately $30,000. Greykasell Wealth Strategies Inc. acquired a new stake in Intuitive Surgical during the 3rd quarter valued at approximately $27,000. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Intuitive Surgical by 84.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after purchasing an additional 32 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ISRG. Robert W. Baird cut their price target on shares of Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. TD Cowen upgraded shares of Intuitive Surgical to a “strong-buy” rating in a research note on Tuesday, January 27th. Jefferies Financial Group increased their price target on shares of Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Rothschild & Co Redburn boosted their price objective on Intuitive Surgical from $610.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Evercore ISI cut their price objective on Intuitive Surgical from $580.00 to $550.00 and set an “in-line” rating on the stock in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average target price of $620.41.

Intuitive Surgical Stock Down 0.1%

Shares of ISRG stock opened at $478.49 on Thursday. The business has a 50 day moving average of $553.29 and a two-hundred day moving average of $510.97. The company has a market cap of $171.53 billion, a P/E ratio of 60.65, a PEG ratio of 3.72 and a beta of 1.65. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $609.08.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.26. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The business’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. Analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 126 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $520.02, for a total transaction of $65,522.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark Brosius sold 464 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $548.49, for a total value of $254,499.36. Following the completion of the transaction, the senior vice president directly owned 131 shares of the company’s stock, valued at $71,852.19. This trade represents a 77.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 73,616 shares of company stock worth $40,929,575 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.